Russia’s import sanctions on Turkey open new opportunities for Armenia to increase exports of agricultural goods to Russia
27.11.2015,
16:46
Armenian minister of agriculture Sergo Karapetyan said today Russia's decision to impose import sanctions on Turkey and cancel major investment projects over the downed Russian Su-24 fighter jet in Syria may open up new opportunities for Armenia to increase exports of agricultural goods to Russia.
YEREVAN, November 27. /ARKA/. Armenian minister of agriculture Sergo Karapetyan said today Russia's decision to impose import sanctions on Turkey and cancel major investment projects over the downed Russian Su-24 fighter jet in Syria may open up new opportunities for Armenia to increase exports of agricultural goods to Russia.
The ministry said Karapetyan discussed this issue with David Ghazaryan, the director of Spayka company, one of the largest exporters of Armenian agricultural products.
"As we know, Russia has decided to limit the imports of Turkish agricultural products. This is creating new opportunities for Armenian producers in terms of increasing the volume of exports to the Russian market. Because of upcoming New Year holidays the demand for the products is also increasing, and this is why we need to develop short- and long-term programs to increase production and exports,' Karapetyan is quoted as saying in a press release.
According to Karapetyan, Armenian agricultural products, which are of higher quality than Turkish products, could not compete with the latter because of higher cost. He said Armenia can increase exports of fresh fruit and vegetables as well as meat products.
According to the National Statistical Service, Armenia's export in the first 9 months of 2015 declined by 0.9% from the year before to $1.095.6 billion. Exports from Armenia to Russia in the reporting period decreased by 27.8% to $158.5 million. -0-
The ministry said Karapetyan discussed this issue with David Ghazaryan, the director of Spayka company, one of the largest exporters of Armenian agricultural products.
"As we know, Russia has decided to limit the imports of Turkish agricultural products. This is creating new opportunities for Armenian producers in terms of increasing the volume of exports to the Russian market. Because of upcoming New Year holidays the demand for the products is also increasing, and this is why we need to develop short- and long-term programs to increase production and exports,' Karapetyan is quoted as saying in a press release.
According to Karapetyan, Armenian agricultural products, which are of higher quality than Turkish products, could not compete with the latter because of higher cost. He said Armenia can increase exports of fresh fruit and vegetables as well as meat products.
According to the National Statistical Service, Armenia's export in the first 9 months of 2015 declined by 0.9% from the year before to $1.095.6 billion. Exports from Armenia to Russia in the reporting period decreased by 27.8% to $158.5 million. -0-
